Word: payments
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Dates: during 1970-1979
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...default. TIME'sNew York Bureau Chief Laurence Barrett reports that the committee set six priorities for expenditures. They are, in descending order: 1) police and fire protection and garbage collection, 2) food and shelter for welfare recipients, 3) hospital and emergency medical care for the poor, 4) payment to suppliers of essential goods and services, 5) public schools, and 6) interest on city debt. In short, cops, firemen, garbage collectors and welfare recipients will get paid first, though perhaps less than usual; teachers and bondholders will be the last on the list to be paid...
Weinstein describes an experience he had in February of this year at FBI headquarters in Washington when he complained about the FBI's exorbitant price-scale for copying documents. An FBI agent named Farington became offended at Weinstein's suggestion that the Justice Department had a more reasonable payment procedure and exploded at him: "Don't tell me about the Justice Department. I don't care how they handle things. They do things their way and we do things our way. They don't tell us how to handle our affairs, and we don't tell them. And another thing...
...state loans-but only if the other parts fell into place first. They included $225 million from three state retirement funds and $500 million from five city employees' retirement funds. Among them was the teachers' retirement system, which pledged to provide $200 million and made an initial payment of $50 million...
...loyal to him. These men held the fate of New York in their hands. They simply told Big Mac that they would not buy the retirement board's remaining $150 million share of Big Mac bonds. Without that investment, the state would have to withhold a $250 million payment due last week, and the city would be forced to default...
...last 15 years. Similarly, we had allocated a certain amount for Egypt prior to the agreement. Aid levels were never discussed with Egypt during the agreement. We set the levels unilaterally after the agreement was completed. Aid to Israel and Egypt reflects our own interests; it is not a payment for the agreement...